ADVOKATFIRMAET RINGSBYE AS: årsregnskap 2020 vs 2019
Grew 24% on revenue, weaker earnings
approved 2021-04-30; registry 2021-05-03; journal 2021 256568
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET RINGSBYE AS. Revenue 3.49m NOK → 4.32m NOK (+23.7%). Net result +438.6k NOK → +25.4k NOK. Equity 609.6k NOK → 635.0k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RINGSBYE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.49m NOK to 4.32m NOK (+23.7% YoY). Calculated
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↑
Equity strengthened
Book equity 609.6k NOK → 635.0k NOK (equity ratio 35.8% → 22.3%). Calculated
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↑
Cash rose
Bank deposits 48.9k NOK → 361.3k NOK (+639.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +622.6k NOK → +266.6k NOK (op. margin 17.8% → 6.2%). Calculated
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↓
Net result weakened
Net result +438.6k NOK → +25.4k NOK (net margin 12.6% → 0.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.51m NOK → 2.64m NOK (43% → 61% of revenue). Calculated